ABN AMRO press release: ABN AMRO intends to issue Additional Tier 1 Capital
September 27 2017 - 3:03AM
Not for release, publication or
distribution, in whole or in part, in or into or from US, Japan,
Australia or any other jurisdiction where to do so would constitute
a violation of the relevant laws or regulations of such
jurisdiction.
ABN AMRO intends to issue
Additional Tier 1 Capital
ABN AMRO Bank intends to issue deeply subordinated
securities that qualify as Additional Tier 1 capital under CRR. The
intended issuance is expected to improve the leverage ratio,
further optimise the capital structure and strengthen the buffer of
loss absorbing instruments.
The intended issuance will be in the form of EUR
denominated Perpetual Additional Tier 1 Capital Securities which
can be called after 10 years with a temporary write-down loss
absorption mechanism and discretionary non-cumulative coupons.
The issue and sale of the Additional Tier 1
Capital Securities remains subject to market conditions. The final
version of the prospectus will become available on the ABN AMRO
website.
The initial coupon and final amount of any
Additional Tier 1 Capital Securities sold will be determined at the
conclusion of the offering process and will be announced in a
separate press release.
This press release shall not constitute an offer
to purchase or the solicitation of an offer to purchase, nor shall
there be any sale of these Additional Tier 1 Capital Securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the relevant
securities laws of any such jurisdiction.
ABN AMRO Press Office
ABN AMRO Investor Relations
Jeroen van Maarschalkerweerd
Dies Donker
Press Officer, Press & PR
Head of Investor Relations
pressrelations@nl.abnamro.com
investorrelations@nl.abnamro.com
+31 20 6288900
+31 20 6282282
This press release is published
by ABN AMRO Group N.V. and contains inside information within the
meaning of article 7 (1) to (4) of Regulation (EU) No 596/2014
(Market Abuse Regulation)
ABN AMRO intends to issue
Additional Tier 1 Capital Securities
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ABN AMRO via Globenewswire
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